The paper shows the advantages and handicaps of implementing an inflation target (IT) regime, from a Post-Keynesian and …

The mainstream inflation-targeting literature makes the strong assumption that the central bank can exactly target the … policy strategy. This assumption is equivalent to admitting the perfect credibility of inflation target announced by the … liquidity as the economic agents demand. Neither of these assumptions corresponds to the reality. In effect, the inflation …

Inflation scenarios in forecasts of the Central Bank of Iceland (CBI) appear to converge to the inflation target (2 …-model, containing equations for inflation, inflation expectations, wages, exchange rate and the policy interest rate. We find that rapid … convergence toward the inflation target is a property of the QMM when a Taylor-rule is included in the model. Underlying is an …

inflation rates has an estimated break at the financial crisis in February 2001 after which Turkey adopted a flexible exchange … inflation rates between pre-inflation-targeting and inflation-targeting periods. Rather than using an ad hoc date for the … introduction of inflation-targeting regime, structural break dates are estimated for Turkish national inflation rate as well as the …

Inflation as a phenomenon has witnessed remarkable changes starting from mid-eighties of the last century. Inflation … pull inflation as one of the major determinants of inflation has decreased due to efficient monetary policies that have … been adopted by central banks all over the world to reduce inflation based on anchoring inflation expectations. Moreover …

The Israeli Economy has served as a laboratory for the study of inflation and government policy reponse. In periods … crucial for Israel's experience of inflation, finance ministers were replaced frequently, often changing their predecessors …' policies, much to the detriment of inflation. Inflation grew from an average of less than 10% per year in the decade preceding …

dataset of political elites’ inflation statements and measure each statements’ information precision. I then test whether or … information precision, through its attenuating effects on inflation expectations, lowers inflation. Furthermore, I find that this …

This paper contributes to the vast literature on the predictive power of term structure about future inflation, by … important determinant of the relationship between term structure and inflation to the extent that even the existence of the … with the beginning of the implementation of an inflation targeting (IT) regime. While, before IT regime, the information in …

methods to respond to those issues, and apply those methods to a study of five major emerging markets -- Brazil, India, Korea …, Russia, and Turkey. We develop unique time-series datasets on governance in each country. We address construct validity by …